Coles shares slid sharply after the supermarket posted weaker-than-expected trading and warned of higher fuel-related costs, cutting market value by roughly $3.5 billion in early trade. The company said first-half supermarket profits were likely to be flat, citing fierce competition, heavier promotion activity and rising supplier costs.
All Ordinaries
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8,917.60
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S&P 500
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Updated 30 October 2026 at 8:13 pm. Prices are delayed and for information only.
A Fair Work Commission decision found a Sydney Coles employee had a valid reason for dismissal after he grabbed a suspected shoplifter and ignored a suspension. An employment lawyer says the outcome aligns with workplace safety and legal limits on citizen intervention, despite the worker’s 10 years of service and an award of just over $6,480.
An employee has raised concerns that an overzealous occupational health and safety representative is scolding and insulting colleagues, interrupting work and driving a negative safety culture, while human resources remain absent. A workplace safety academic says the law requires a balance between doing all that is possible and what is reasonable, and suggests widening responsibility rather than trying to remove the rep.
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